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20121201
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Search Results 0 to 45 of about 46 (some duplicates have been removed)
trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how times have changed. as companies slashed jobs during the great recession worker productivity surged, today, many people are doing the job multiple people once did. >> i think our culture has gone in some direction where we feel like if we took a break we'd be considered irrelevant in the workplace and they don't need me. >> reporter: cary umhau's firm spacious is trying to re- introduce the idea of play to the workplace. tech companies have embraced play for years. at google employees get one day a week to work on their own projects. gmail and google news were born from that free time. >> increasingly you'll see businesses embrace play or unstructured play, unstructured time because that begets imagination, innovation and creativity. all of which are competitive advantages in today's world. >> reporter: twitter and facebook are famous for their hackathons
. ruben ramirez braved the crowds for a behind the scenes look at the preparations. >> reporter: the new 2013 sign is up, the ball drop has been tested. the revelers are gathering. it's a celebration new york city style. >> we've got neon trees, carly rae jepsen, taylor swift, jury from univison, the million dollar quartet.trffisau s ts hee president of countdown entertainment. the evening's festivities are part of a public-private partnership between his firm and the city of new york. >> you've got our costs, you've got the cities costs, it's a lot of money, but it's also one of the biggest events in the world. the promotion that new york city gets from times square new year's eve when the world is watching. that's priceless. >> reporter: and, that means lots of eyeballs for marketers. the big sponsors tonight, nivea, toshiba, philips and the ball's maker, waterford. >> first and foremost. this is a civic event and we needed partners who understood that the civic nature is the priority and if we could build there marketing goals into what is the tradition of the event then it works for
'm ruben ramirez. still ahead, we'll take a look at how mobile payment technology may soon replace having to carry a plastic credit card. >> tom: we got another look at the economy between july and september, and it grew faster than first thought. third quarter gdp was revised higher today to just over 3%. that's up from the first estimate of 2.7%, and more than double the growth in the second quarter. fast forward to last week, and more americans filed for first- time unemployment insurance. new claims for jobless benefits rose by 17,000 to 361,000. but home sales continue strengthening. sales of previously owned homes jumped almost 6% in november to an annual rate of just over five million units. that puts 2012 on track to be the best year for sales since the housing the bubble burst. >> tom: the deal between the new york stock exchange and the intercontinental exchange caps really quite an eventful year in this industry. back in february the nyse merger with deutsch-- was blocked by european regulators so the year ends with a new deal. john kozey is with us. from manhattan. john, does
to where she came ashore. ruben ramirez, seaside heights, new jersey. back here on wall street, tom, some interesting revolutions from netflix today saying it got a wells notice and being investigated by the securities and exchange commission. behind it is a very interesting debate going on. the reason for the investigation is that the ceo reid hastings had posted some information on his facebook page about developments at the company and the fec said you didn't disclose this property, should have been a press release or filing with the sec and raises new questions about social media and fair disclosure. >> tom: this is all about how technology is changing and regulations have a hard time susie keeping up with it. we see it with high frequency trading for instance and how companies disseminate information using social media getting it out argue me to more people faster than what a traditional press release or sec filing. so we'll have to see how this one plays out. that stock did not move much today on the notice although we did have plenty other movement. let's get going with our market
and property values to decline. ruben ramirez, nbr, lavallette, new jersey. >> susie: to hear more from one of the small businesses you saw in ruben's story, go online to nbr.com to watch an extended interview. "right to work" laws were in the spotlight today. president obama criticized them, saying they represent anti-union politics and deprived workers from better wages. the president weighed in on a controversial law pending in michigan's legislature while visiting that detroit engine plant that we mentioned earlier in the program. republican supporters of the measure say it will attract businesses. the measure could be signed into law tomorrow. more developments today on the bankruptcy process at hostess. the maker of twinkies and wonder bread says it needs to borrow $30 million from its liquidator in order to finish selling off its baking business. hostess says it has received more than 100 inquiries for the rights to its popular snack food brands, but that money from potential sales won't come until spring. well, on wall street investor kos use a little comfort food. stocks have been
of the northeast are rebuilding after a hurricane. ruben ramirez reports from new jersey how areas unaccustomed to major storms are coming to terms with the aftermath. >> reporter: it was a storm the likes of which the new jersey shore had never seen. roads destroyed, property lost, much of the jersey boardwalk washed away, adding up to billions of dollars in losses. karl new is a claims adjuster for insurer american modern, accessing damage of homes, cars and boats. what's the difference between this and what you'd see in the south? >> these houses are a lot bigger. in the south, they're square, one to two stories. south carolina builds for hurricanes. these weren't built for hurricanes. >> reporter: john marchetti lives one block from the beach. >> the car was completely submerged in the garage. it was lifted up and twisted like a washing machine effect. >> reporter: to date, insurers have processed 60,000 vehicle claims in new jersey alone. the insurance information institute estimates insured losses from sandy will likely run around $19 billion, making it the third costliest natural disaste
for those who need it. ruben ramirez reports. >> reporter: billy joel, the who and bruce springsteen are just a few of the hedliners at tonight's 12-12-12 sandy relief concert. the sole beneficiary will be the robin hood foundation. the organization provides funds to about 200 non-profits in the new york area which work directly with sandy relief. bob ottenhoff is the president and c.e.o. of the center for disaster philanthropy. >> most giving to disasters occurs in the first month, but as we now know with sandy the challenges to relief to disasters go on for a long period of time. so we're still going to need lots of charitable contributions for the recovery and rebuilding period. >> reporter: the red cross has already raised $188 million for sandy relief and expects to use more than half of that by the end of the month. but with every disaster, there are always some bad actors. new york state has been at the forefront of holding non-profits accountable. the state attorney general has asked more than 75 charities to show where their sandy relief donations are going. >> these scammer
but how ready are they to leave the workforce? ruben ramirez takes a look. >> reporter: joyce and g.h. are baby boomers. joyce left her job in ad sales about five years ago. g.h. is an artist. they live comfortably and feel they've got a good financial plan. getting off on the right foot with finances usually starts early. >> my parents were both depression-era people so, yes, they talked about saving. they talked about not spending more than you can pay. all my ife,hey uld say, "have you been participating in your savings plans?" >> reporter: a new survey from t.d. ameritrade found 74% of people who felt they were prepared for retirement had automatic deposits into their 401(k) plans. the traditional advice of starting early and maxing out contributions remains true today. >> yes, you need to learn about investing; yes, you need to know about what's prudent investing for you. but ultimately, it's about putting aside money from your income, figuring out a way to budget that is within your means. >> reporter: having the discipline to save money can be challenge, but joyce and g.h. fo
to delay leaving the workforce or work during retirement. ruben ramirez, nbr, new york. >> susie: how much do you expect to spend in retirement? for tips on calculating how to set aside and what to do with your money if you're already retired, visit us at nbr.com. just look for the "nbr-u" tab. >> tom: swiss bank u.b.s. could be the next bank to pay a fine over allegations of rigging the libor rate. that's the interest rate used to set borrowing costs for everything from mortgages to credit cards. u.b.s. faces a $1 billion penalty for its role in the manipulation scandal. in june, u.k. regulators slapped britain's barclays bank with a $450 million fine for similar charges. >> susie: u.s. regulators may be near an end to an anti-trust investigation of google's internet search results. at issue is whether google manipulates results of its internet search engine to hurt competitors. it was accused of unfairly promoting its shopping and travel services over those of others. google denies it used its dominance in the search business to hurt rivals. the federal trade commission is expected to wr
will come off patent. and as ruben ramirez reports, generic drug makers have been preparing for the slowdown. >> reporter: 2012 has been a boon for generic drug makers as 40 brand name drugs lost their patent proteion, opening the door to whaamntedo around $35 llion in sales. 2013 will be a different story, with only about half as many drugs scheduled to lose their patent protections. lipitor, pfizer's blockbuster cholesterol drug, was the biggest seller to lose patent protection this year. >> there are still individual product opportunities in 2013, but i think probably more importantly is we'll see in 2013, which we'll see more of going forward, is more alternative sources of growth to sort of bolster the traditional u.s. generic source of growth. >> reporter: 2013 could also see industry consolidation as some of the bigger players look to acquire smaller rivals to beef- up their product portfolios. >> it's going to be acquiring the niche companies to help support or enable the development of a particular generic in the market. or it's going to be making strategic partnerships with types o
cuts and tax increases will impact how much money states get from the federal government. ruben ramirez reports from washington. >> reporter: we all know the numbers. failing to reach a deal by january 1 will result in $109 billion in automatic cuts to federal spending. and while that's a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. and standard & poors' gabe pettek says those details could still be months away. >> even if the policymakers in washington, d.c., resolve the immediate issue before january 1 or shortly thereafter, we think there are going to be several details related to the administration of tax policy and the way the federal government spends money that will have an important effect on state budgets. >> reporter: the pew center on the states reports around 18% of federal grants to states would be subject to sequestration's spending cuts. that works out to about $7.5 billion the states could ultimately lose. >> the real worry right now for states is that as many states start there legislative se
smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with social media, but for many the mobile phone will become a bigger part of their lives in the coming year. trendwatchers call it the mobile fingerprint or a smartphone as unique as your fingerprint. no need to type in passwords, your phone tells your computer its you, and then locks the screen when you step away. on the health front there's technology to let a smartphone help diabetics measure their glucose levels. and with retailers, going mobile means more than processing payments. >> we do something very specific which is not just focus on the mechanics of payments but the experience around it. everything from the point of sale all the way to what's in the consumers pocket and that bridge between the two is what is powerful and what is meaningful. >> reporter: telecom companies see mobile opportunities as well verizon, at&t and t-mobile are testing a service called isis. it brings together a users loyal
is expected to ask congress for about $50 billion in additional emergency assistance. ruben ramirez is in seaside heights, new jersey, where business owners are striving to recover. ruben? >> reporter: thanks, tom. yes, nearly six weeks after super-storm sandy devastated this barrier island off the coast of new jersey, there's still a curfew in place. a lot of the traffic you see behind me is a lot of those longtime residents from the island and business owners who have bn going back day in and day out, trying to recover and repair whatever's left. some of those business owners we had a chance to speak to today. they say they'll reopen come next summer. >> you've kbchb in business 33 years, have you seen this sort of devastation before. >> no, nothing like this. we-- that's the reason we stayed because they were explaining that there was going to be a terrible storm. but we, of this magnitude we had no idea. this is just like -- hard to believe. >> here we are almost six weeks after the storm hit. how soon until you get the business open and up and running again? >> there's a few pr
Search Results 0 to 45 of about 46 (some duplicates have been removed)